Leadership Changes Announced at SJW Group
SJW Group today announced that W. Richard Roth will retire as President and Chief Executive Officer on Nov. 5, 2017, and the company’s Board of Directors has appointed Eric W. Thornburg as President, Chief Executive Officer and a member of the board, effective November 6, 2017. Roth will serve as Chief Executive Emeritus until December 31, 2017 to ensure a seamless transition and will remain the Chairman of the Board until the next annual meeting of stockholders. The company anticipates appointing Thornburg as Chairman of the Board following that meeting.
For more than 25 years, Roth has held management positions at SJW Group, including serving as its President and Chief Executive Officer for over 20 years. During his tenure, Roth played an instrumental role in developing two outstanding regional water utilities in economically vibrant and growing regions with successful strategic planning and capital improvements.
“We are grateful for Rich’s service and dedication to SJW Group,” said Robert A. Van Valer, SWJ Group’s Lead Independent Director. “On behalf of everyone at SJW Group, we would like to extend our deep appreciation for his work and leadership,”
Thornburg, a well-recognized leader and veteran in the water utility industry, has served for the last 10 years as the President and Chief Executive Officer of Connecticut Water Service, Inc. Previously, Thornburg served as President of Missouri-American Water, a subsidiary of American Water Works Corporation from 2000 to 2004. Before that, he served as Central Region Vice President-External Affairs for American Water Works Corporation.
“We are very excited that Eric has agreed to join SJW Group and lead the company,” said Van Valer. “We believe that Eric’s considerable management experience and extensive knowledge of the water business, combined with SJW Group’s superb utility platforms and outstanding staff, will be an excellent formula for the continued growth and success of the company.”
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